Wyndham Worldwide Bullish Moving Average Crossover Alert (WYN)

Written on Tue, 05/09/2017 - 10:35am

By Amy Schwartz

Wyndham Worldwide (NYSE:WYN) shares have crossed bullishly above their 10-day moving average of $96.43 on a volume of 374K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Wyndham Worldwide have traded between a low of $60.59 and a high of $102.44 and are now at $97.21, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.43% lower and 0.04% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Wyndham Worldwide on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.79. Since that recommendation, shares of Wyndham Worldwide have risen 35.6%. We continue to monitor WYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.